Weed stocks? Yeah, weed stocks!

[tcon]

Not happening. If anything the take over should be the other way around. What a joke lol

[T-Dubbs]

ugh,

my supreme cannabis stocks are continuing to tank.....

[Disoblige]

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Not happening. If anything the take over should be the other way around. What a joke lol

It is a joke for sure, as that $11 was based on GGB being worth $7

But either way, earnings report coming out next Friday could be something that is hyping this up and keeping things volatile. Sold at $8.60 on Friday and accumulated a big position again at $7.75. Looking to add more if it dips below that, and sell again on another strong day. I'd love to go long, but I'm trying to get into more US plays as 2019 could be a big year for legalization news. The only thing that worries me is most of these stocks are on the CSE and I fucking hate trading on CSE.

[phreezee]

What's behind the jump today?

[Disoblige]

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What's behind the jump today?

Analysts giving CGC a target price of $40 US.
APHA earnings this Friday.
SPY is bullish.

[msommers]

So I'm signed up for the Aphria press releases and got this one last night:

"Aphria Completes First Shipment of Medical Cannabis to Shoppers Drug Mart"

What a time to be alive.

[Disoblige]

Woot woot, run APHA run.

[Disoblige]

Sold all my APHA today for some good gains at $9.05. Figured there would be profit taking in the last 10-15 minutes and didn't want to risk it. Very happy it worked out as that rarely happens like this. I always leave money on the table or end up holding longer than I want to.

Also think tomorrow (day before earnings) will be quite volatile and there will be lots of opportunity to get back in.

[Disoblige]

90 minutes to contemplate buying in for APHA earnings tomorrow morning. Hmmm!

[BavarianBeast]

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90 minutes to contemplate buying in for APHA earnings tomorrow morning. Hmmm!

I bought in, see how she goes.

[S-FLY]

Anyone holding vodis pharmaceuticals? I'm hoping it'll pop if they get their license since they submitted their confirmation of readiness package about a month and a half ago.

[Disoblige]

Dang. Vic Neufeld is stepping down as Aphria CEO. Wonder how stock price will reflect tomorrow.

[mr2mike]

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Anyone holding vodis pharmaceuticals? I'm hoping it'll pop if they get their license since they submitted their confirmation of readiness package about a month and a half ago.

SUGR is probably a better bet right now.

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Dang. Vic Neufeld is stepping down as Aphria CEO. Wonder how stock price will reflect tomorrow.

Old news. He's being forced out by the board so this is built into the stock price already.

[Disoblige]

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Old news. He's being forced out by the board so this is built into the stock price already.

It is? Globe and Mail just published this 30 minutes ago as leaked info. Just judging by Twitter reactions, this doesn't look priced in.

They announced new independent board chair but Vic was always still CEO.

[Misterman]

I haven't looked yet. What drove Canopy up so hard today?

[O&G]

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It is? Globe and Mail just published this 30 minutes ago as leaked info. Just judging by Twitter reactions, this doesn't look priced in.

They announced new independent board chair but Vic was always still CEO.

Looks like new news to me - to me this isnt positive nor support a fight against the short seller attack.

[Misterman]

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I haven't looked yet. What drove Canopy up so hard today?

Looks like it was Constellation brand's growth forecast.

[Disoblige]

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Looks like new news to me - to me this isnt positive nor support a fight against the short seller attack.

Interestingly enough, the price this morning is showing somewhat positive (currently 4%+). So with a slightly below average earnings from estimated, Vic stepping down may be a good thing.

[O&G]

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Interestingly enough, the price this morning is showing somewhat positive (currently 4%+). So with a slightly below average earnings from estimated, Vic stepping down may be a good thing.

Good old weed stocks - nothing ever makes sense.

[mr2mike]

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It is? Globe and Mail just published this 30 minutes ago as leaked info. Just judging by Twitter reactions, this doesn't look priced in.

They announced new independent board chair but Vic was always still CEO.

Yeah I guess this was the start of it but everyone I know knew that Vic was going to get the boot with this move as the start of it. Writing was on the wall with the board chair hiring. Vic was given some time to sort stuff out before he was essentially volun-told to step down.

The short sell, just look at the company and it's low institutional ownership and you can guess why this company was targeted. Read Reddit and the # of beginner traders in weedstocks is enormous and they got burnt.
Gave traders who knew what they were looking for a chance to get in at an obscene price for the assets they have. Glad some beyonders are profiting off it.